By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – Barclays Bank plc priced $7.9 million of 0% market-linked securities – autocallable leveraged upside participation and contingent downside due Dec. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus a 15% call premium if the index closes at or above its initial level on Dec. 5, 2023.
The payout at maturity will be par plus 150% of the gain in the index.
If the index falls by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Wells Fargo Securities LLC is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Market-linked securities – autocallable leveraged upside participation and contingent downside
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| Underlying: | S&P 500 index
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| Amount: | $7.9 million
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| Maturity: | Dec. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of the index gain; if index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of index from initial level
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| Call: | Automatically at par plus 15% call premium if the index closes at or above its initial level on Dec. 5, 2023
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| Initial level: | 4,080.11
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| Trigger level: | 2,856.077; 70% of initial level
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | Wells Fargo Securities LLC
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| Fees: | 2.425%
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| Cusip: | 06749N2Y7
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